My realtor is also business acquaintances with the sellers, listing agents, and tenants, so we have a lot of room in negotiating things to make it work, if it's possible. 

I found it through a realtor I linked up with who owns many single family homes in Waco himself.

Own money How did you add value to the deal?

It protects it from outside liability (let's say you drive recklessly and kill someone, and your personal car insurance gets exhausted, the suing parties cannot come after the rental property because it is not personally owned by you). 

My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia  forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.

Like you said time, or trust, or reliability etc...In my case, as I am a real estate agent focused only in investments, i can bring deals, contractor who are investor friendly, good lenders, partnership with other investors i know etc... + those non-tangible things that I mentionedDefinitely!

Single family but has finished basement, with its own entrance!

I wanted to open up a discussion about buying and selling real estate in today's market conditions.I am a Real Estate Agent and Investor, but whether you're a seasoned investor or a first-time buyer, navigating these waters can be challenging.

I own a STR in Peru.

Eventually the money will come with me doing my own deals in the future.